Credible Commitment Problems Are Characterized by a Temporal Dimension (Someone

question 35

Multiple Choice

Credible commitment problems are characterized by a temporal dimension (someone makes a promise today that she does not have an interest in keeping tomorrow) and by the fact that the person making the promise is not the one to benefit from the promise being kept. What are some mechanisms for dealing with credible commitment problems?

• A) enforceable contracts
• B) repeated interactions
• C) institutions that alter the distribution of power
• D) all of these

---

Definitions:

Living Wills

Legal documents that express an individual's wishes about medical treatment in circumstances where they are unable to communicate their decisions.

HIV-Infected Patients

Individuals living with the human immunodeficiency virus, which compromises the immune system and can lead to AIDS if untreated.

AIDS-Related Illnesses

Health conditions that are either directly caused by or significantly related to the Human Immunodeficiency Virus (HIV) and its progression to Acquired Immune Deficiency Syndrome (AIDS).

Youthful Suicide

The act of self-inflicted death by individuals in their youth or adolescence.